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May 14 - Rep. Marjorie Taylor Greene purchased Tesla (NASDAQ:TSLA) shares again last week, marking at least her third buy of the year while chairing the DOGE subcommittee.
Under congressional disclosure rules, Greene can only report broad ranges, so the exact amount remains unclear. This time, she acquired between $1,001 and $15,000 in Tesla stock.
Previously, she reported similar purchases in March and on Jan. 8, each in the $1,000$15,000 bracket across multiple accounts. In total, Greene has made seven such filings since assuming her subcommittee role.
Tesla shares have slid 12 percent year?to?date but climbed about 41 percent since April 22, when CEO Elon Musk said he would refocus on Tesla at the last earnings call.
Ethics experts say Greene's repeated buys may raise questions under House rules that bar members from acting on financial interests. Brett Kappel, a campaign?finance attorney, told reporters that her oversight of Musk's work could present a serious ethics concern.
In an emailed statement, Greene said her financial adviser manages all trades under a fiduciary agreement and that she learns of purchases only when the media asks.
Is Tesla Stock a Buy Now?
Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $283.81 with a high estimate of $452.00 and a low estimate of $19.05. The average target implies a downside of -15.04% from the current price of $334.07.
Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.28, suggesting a downside of -19.39% from the current price of $334.07. For deeper insights, visit the Tesla Forecast page.
This article first appeared on GuruFocus.